Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has announced that the local wheat purchase price will be released in March, approximately one month before the harvest starts. There were previous comments that it would be tied to world prices, but this was not confirmed in the announcement. A research group in Egypt is said to have designed a truck for local production that can safely transport wheat with little or no spillage. According to one report, more than 15 percent of the country’s wheat is lost during transport due to open/overloaded trucks, poor packaging or bagging, and too many bumpy roads. The new trucks, which also allegedly have a system that can separate impurities from the wheat during loading, are expect...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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Accountability and a comprehensive approach to export programming
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